Duckweed Revolutionizes Food Industry with Natural Protein

Bloomberg Technology
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Duckweed, also known as water lentils, is gaining traction as a sustainable solution in the food industry, especially in response to the overwhelming presence of synthetic ingredients. The company behind this innovation has developed a product based on Rubisco, a naturally occurring protein found abundantly in leafy greens. This venture has led to the establishment of a commercial manufacturing module in West Texas. However, due to soaring demand, they are seeking $30 million in funding to expand operations and meet market needs. The current phase includes working closely with the FDA to achieve final product approvals, while also pursuing recognition from the European Food Safety Authority, expected by 2025 or 2026. Given the highs and lows in food tech investments, this team has continued to scale and adapt, embracing new market opportunities. Investors are showing interest in this concept due to the reduction of operational risks and successful milestone achievements, transitioning from research and development to full-scale manufacturing. Notably, partnerships with organizations like Chipotle underscore their commitment to 'food with integrity,' allowing for healthier recipes without introducing allergens.
Highlights
  • • Duckweed, or water lentils, is a sustainable alternative in food tech.
  • • The protein Rubisco is abundant in leafy greens and integral to this innovation.
  • • The company has established manufacturing in West Texas.
  • • They are seeking $30 million in funding for expansion.
  • • Ongoing collaboration with the FDA for product approvals.
  • • Formal approval from the European Food Safety Authority is anticipated by 2026.
  • • The food tech investment environment is challenging but promising.
  • • Their product allows companies like Chipotle to enhance food integrity.
  • • Investors are attracted by reduced market and operational risks.
  • • The company is transitioning from R&D to robust manufacturing operations.
* dvch2000 helped DAVEN to generate this content on 11/18/2024 .

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